FCCS EXAM QUESTIONS AND
ANSWER; LATEST UPDATED VERSION
2026; ALREADY GRADED A+
A client company has expanded quickly in the past year
and has recognized the need to move their financial team
off spreadsheets and to a more verifiable and automated
solution.
Which two requirements from this team would Oracle's
Financial Consolidation and Close Cloud Service satisfy?
(Choose two.)
A. a configurable reporting solution with prebuild
dimensions, KPIs, reports along with a process to adjust
data, monitor the close status and view data and
compliance results in dashboards
B. dashboard reporting with daily revenue comparisons
and KPI's that measure cost controls
C. leverage compliance efforts to fix process issues across
all businesses and provide oversight for risk awareness
,D. robust consolidation engine that provides automated
aggregations, intercompany eliminations and translations
without requiring a strong IT footprint
E. provide the ability to collaborate during close and
analyse transaction - correct answer- A. a
configurable reporting solution with prebuild dimensions,
KPIs, reports along with a process to adjust data, monitor
the close status and view data and compliance results in
dashboards
B. dashboard reporting with daily revenue comparisons
and KPI's that measure cost controls
A company is based in the United Kingdom and has an
application currency set to GBP. The company collects
data from a United States based subsidiary. The
subsidiary's functional currency is USD.
Which two items facilitate the reporting of the
subsidiary's Common Stock balance at an historical rate in
the GBP reporting currency? (Choose two.)
,A. The subsidiary must have a balance not equal to zero in
Common Stock.
B. USD must be created as a reporting currency.
C. Common Stock must have an Exchange Rate Type set to
Historical Rate Override.
D. The subsidiary must have a parent entity with a GBP
currency.
E. Common Stock must have a Data Storage property set
to Never Share. - correct answer- A. The
subsidiary must have a balance not equal to zero in
Common Stock.
D. The subsidiary must have a parent entity with a GBP
currency.
, A company would like to capture Fixed Asset additions
and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?
(Choose three.)
A. Add custom members for Additions and Disposals as
dependents of
FCCS_Mvmts_CapitalExpenditures.
B. Add custom Movement members to the
FCCS_CashFlow hierarchy.
C. Build a custom Movement member for Fixed Assets
with dependent custom members for Additions and
Disposals
D. Load detailed Fixed Asset data to Movement members.
E. Create a Roll Forward in the account dimension. -
correct answer- A. Add custom members for
Additions and Disposals as dependents of
ANSWER; LATEST UPDATED VERSION
2026; ALREADY GRADED A+
A client company has expanded quickly in the past year
and has recognized the need to move their financial team
off spreadsheets and to a more verifiable and automated
solution.
Which two requirements from this team would Oracle's
Financial Consolidation and Close Cloud Service satisfy?
(Choose two.)
A. a configurable reporting solution with prebuild
dimensions, KPIs, reports along with a process to adjust
data, monitor the close status and view data and
compliance results in dashboards
B. dashboard reporting with daily revenue comparisons
and KPI's that measure cost controls
C. leverage compliance efforts to fix process issues across
all businesses and provide oversight for risk awareness
,D. robust consolidation engine that provides automated
aggregations, intercompany eliminations and translations
without requiring a strong IT footprint
E. provide the ability to collaborate during close and
analyse transaction - correct answer- A. a
configurable reporting solution with prebuild dimensions,
KPIs, reports along with a process to adjust data, monitor
the close status and view data and compliance results in
dashboards
B. dashboard reporting with daily revenue comparisons
and KPI's that measure cost controls
A company is based in the United Kingdom and has an
application currency set to GBP. The company collects
data from a United States based subsidiary. The
subsidiary's functional currency is USD.
Which two items facilitate the reporting of the
subsidiary's Common Stock balance at an historical rate in
the GBP reporting currency? (Choose two.)
,A. The subsidiary must have a balance not equal to zero in
Common Stock.
B. USD must be created as a reporting currency.
C. Common Stock must have an Exchange Rate Type set to
Historical Rate Override.
D. The subsidiary must have a parent entity with a GBP
currency.
E. Common Stock must have a Data Storage property set
to Never Share. - correct answer- A. The
subsidiary must have a balance not equal to zero in
Common Stock.
D. The subsidiary must have a parent entity with a GBP
currency.
, A company would like to capture Fixed Asset additions
and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?
(Choose three.)
A. Add custom members for Additions and Disposals as
dependents of
FCCS_Mvmts_CapitalExpenditures.
B. Add custom Movement members to the
FCCS_CashFlow hierarchy.
C. Build a custom Movement member for Fixed Assets
with dependent custom members for Additions and
Disposals
D. Load detailed Fixed Asset data to Movement members.
E. Create a Roll Forward in the account dimension. -
correct answer- A. Add custom members for
Additions and Disposals as dependents of
